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South Korean cosmetic company AmorePacific debuts at number 28 on Forbes' list of World's 100 most innovative companies in 2015. (Photo by Hannah Reyes / Getty Images News)

Oct 19, 2015 PM EDT - Diana Tomale

AmorePacific Ranks 28th On Forbes' List Of World's 100 Most Innovative Companies In 2015

South Korean company AmorePacific debuts at number 28 on the World's 100 most innovative companies this year as listed by Forbes.

Homeplus retail store in South Korea | By: Jung Yeon Je | Getty Images

Oct 01, 2015 AM EDT - Czarelli Tuason

South Korean Government Holds Korea Black Friday Today Until October 14, Featuring Up To 80 Percent Discount From 27,000 Shops

The government of South Korea initiates a Korea Black Friday sales event that will run until Oct. 14 in order to boost domestic consumption in the country.

Monster Worldwide Inc. owns one the most visited employment site in the United States, Monster.com. (Photo by Mario Tama / Getty Images News)

Oct 19, 2015 PM EDT - Diana Tomale

Monster Worldwide To Sell Remaining Stake In JobKorea To Private Equity Firm H&Q Korea

Monster Worldwide Inc. is selling the remaining stake in JobKorea to H&Q Korea. The two companies are expected to close the deal in October.

Lotte (Photo by Chung Sung Jun / Getty Images AsiaPac)

Oct 07, 2015 AM EDT - Czarelli Tuason

Four Retailers Battle Over Operational Licenses Of 4 Duty Free Stores In South Korea

On Friday, four conglomerates submitted their bids to the Korea Customs Service to be granted operational licenses to four duty free shops in South Korea.

(Photo by Chung Sung Jun / Getty Images News)

Oct 07, 2015 PM EDT - Diana Tomale

Cambodia's Acleda Bank And South Korea's KEB Hana Bank Signed A Memorandum Of Understanding That Aims To Make Money Transfers Easier

A memorandum of understanding was signed by the largest banks in Cambodia and South Korea. Acleda Bank and KEB Hana Bank's new draft agreement aims to make money transfers easier.

(Photo by: Atsushi Tomura / Getty Images News) A group of lawmakers submitted a bill that aims to revise the existing Electronic and Telecommunications Business Act.

Sep 26, 2015 AM EDT - Diana Tomale

A Group Of South Korean Lawmakers Submit A Bill That Aims To Revise The Existing Electronic And Telecommunications Business Act

A group of lawmakers submitted a bill on Wednesday that seek for the revision of Electronic and Telecommunications Business Act as they want to have more transparency in smartphone services.

Boy using a smartphone (Michael H / Getty Images)

Oct 07, 2015 AM EDT - Czarelli Tuason

Children And Senior Citizens Emerge As A Prospering Market For Smartphones and Wearable Smart Devices

Smartphones and other wearable devices are being developed by tech companies suitable for their growing children and elderly market.

Discount store in South Korea

Sep 24, 2015 AM EDT - Ji Hyun Joo

1,500 Union Workers Stage Strike After MBK Purchases Second-Largest Discount Store In South Korea

Home Plus union workers reportedly staged a strike.

Unionized workers stage a strike against Hyundai Kia Automotive Group in 2014 | By: Jung Yeon Je | Getty Images

Oct 06, 2015 AM EDT - Czarelli Tuason

Unionized Workers Of Hyundai Motor Goes On A Partial Strike For Wage Agreement Issues

On Wednesday, unionized workers of Hyundai Motor went on a partial strike twice in one day, which will continue until Friday, in all three plants of the company.

Entrance to the Museum of Modern Art (MoMa) in New York | By: George Rose | Getty Images

Sep 24, 2015 AM EDT - Czarelli Tuason

Hyundai Card To Launch "Global Museum Student Pass" Event, Allowing Korean Students Unlimited Admission To Leading Art Museums

On Sept. 25, Korean credit card company Hyundai Card will be launching their "Global Museum Student Pass" event to grant Kroean students unlimited access to the top four art museums of the world.

Samsung Galaxy S6 (Photo by Spencer Platt / Getty Images News)

Oct 21, 2015 PM EDT - Czarelli Tuason

Analysts Predict A Low Profit For Samsung Electronics In The Third Quarter Of 2015

As sales for Samsung Electronics' smartphones continue to struggle, analysts forecasted low profits for the tech giant with a 6.4 percent decline.

News of updated growth forecasts are also published on the bank's official website.

Sep 23, 2015 AM EDT - Pebbles Montales

ADB Cuts Growth Forecasts in Developing Asian Countries; Details Released!

Following the ongoing economic backsliding of China and India, ADB lowers its growth forecasts for other Asian countries.

(Photo by: Jeff J Mitchell / Getty Images News) GS EPS announced the completion of the Asia's largest biomass plant in South Korea which can generate up to 105 megawatts (MW) of electricity.

Sep 19, 2015 AM EDT - Diana Tomale

South Korean Utility Firm GS EPS Announces Completion Of Asia’s Largest Biomass Plant In Dangjin

GS EPS announces completion of Asia's largest biomass plant which is located in Dangjin, South Korea. The plant can generate sufficient electricity than can be used for an hour by 110,000 people.

(Photo by: Carl Court / Getty Images News) The Iraqi government has given Korean company Hanwha E&C 240 billion won as prepayment for the new-town building project.

Sep 15, 2015 PM EDT - Diana Tomale

Iraqi Gov't Pays 240 Billion Won to Korean Company as Advance for Construction Project

As promised during the signing of the deal last April, the Iraqi government gave Hanwha E&C 240 billion won as prepayment for the new-town building project.

Lawyer holding old book and justice scale | By: Cristian Baitg | Getty Images

Sep 12, 2015 AM EDT - Czarelli Tuason

South Korea Lifts Restriction To Foreign Lawyers And Law Firms

Since imposing the restriction in 2011, South Korea opens their country to foreign lawyers and law firms.

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